Vancouver Island Foreclosure Homes for Sale Listings

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437 Methuen St

Ladysmith V9G 1B8

$525,000

Single Family beds: 4 baths: 2.0 2,296 sq. ft. built: 1968

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Single Family

MLS® Num:

1012019

Bedrooms:

4

Bathrooms:

2

Year Built:

1968

• Photos (28)

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Court-ordered sale in central Ladysmith! This 2,296 sq ft home offers 1,759 sq ft finished and is situated on an 11,918 sq ft level lot with great southern exposure. The main level features 3 bedrooms and 1 bathroom, while the lower level includes a 1-bedroom suite with a 3-piece bathroom. The suite is basic and could use improvement, but it provides added flexibility. Located close to shopping, parks, the marina, airport, and recreation, this property is well-positioned for convenience and lifestyle. With some vision and updating, this home has excellent potential. Being sold as is, where is. (id:2493)

General Info:

Property Type:

Single Family

Common Interest:

Freehold

Total Living Area:

2,296 sq. ft.213 m2

Finished Area Above Grade:

1,759 sq. ft.163 m2

Zoning:

Residential, Ladysmith R-2

Taxes:

$4,652 / -

Amenities:

Community:

Ladysmith

Building:

Structure Type:

House

Bedrooms:

4

Bathrooms:

2.0

Cooling:

None

Fireplace:

Yes

Fireplaces:

1

Heating:

Forced air

Land:

Lot Size:

11,640 sq. ft.1,081 m2

Lot Details:

11640

Lot Features:

Central location, Other, Marine Oriented

Parking Spaces:

Total Parking Spaces:

3

Room Information:

Floor

Type

Size

Other

Lower level

Storage

18'6"5.64 m × 10'9"3.28 m

-

Lower level

Laundry room

5'10"1.78 m × 5'1"1.55 m

-

Lower level

Storage

5'6"1.68 m × 3'6"1.07 m

-

Lower level

Unfinished Room

5'1.52 m × 00

4'1

Lower level

Other

11'7"3.53 m × 11'2"3.40 m

-

Lower level

Other

12'11"3.94 m × 6'8"2.03 m

-

Lower level

Bedroom

8'2.44 m × 00

13'2

Lower level

Living room

13'9"4.19 m × 8'10"2.69 m

-

Lower level

Storage

15'6"4.72 m × 13'1"3.99 m

-

Main level

Primary Bedroom

13'6"4.11 m × 8'4"2.54 m

-

Main level

Bedroom

10'3"3.12 m × 7'1"2.16 m

-

Main level

Bedroom

11'7"3.53 m × 7'2"2.18 m

-

Main level

Kitchen

13'3.96 m × 00

11'7

Main level

Dining room

11'6"3.51 m × 9'1"2.77 m

-

Main level

Living room

18'2"5.54 m × 12'9"3.89 m

-

Main level

Entrance

7'2"2.18 m × 5'11"1.80 m

-

Bathrooms:

Floor

Ensuite

Pieces

Other

Lower level

No

-

3-Piece

Main level

No

-

4-Piece

• 
  Front of house
• 
  Carport
• 
  Front entry
• 
  Living room
• 
  Dining room
• 
  Kitchen
• 
  Kitchen
• 
  Bedroom
• 
  Bathroom
• 
  Bathroom
• 
  Bedroom
• 
  Bedroom
• 
  Lower Level laundry
• 
  Lower level
• 
  Lower level
• 
  Lower level storage
• 
  Lower level living room
• 
  Lower level dining room
• 
  Lower level kitchen
• 
  Lower level kitchen
• 
  Lower level bedroom
• 
  Lower level bathroom
• 
  Lower level den
• 
  Back of house
• 
  Back yard
• 
  Back yard
• 
  Aerial view of neighbourhood
• 
  Floor Plans

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Listed by RE/MAX Island Properties (DU)

Data was last updated October 21, 2025 at 10:45 PM (UTC)

Area Statistics

Listings on market:

85

Avg list price:

$1,189,900

Min list price:

$215,000

Max list price:

$4,850,000

Avg days on market:

49

Min days on market:

4

Max days on market:

599

Avg price per sq.ft.:

$424.36

These statistics are generated based on the current listing's property type and located in Ladysmith. Average values are derived using median calculations. This data is not produced by the MLS® system.

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• Sam Huang
• RE/MAX Select Properties
• 1 (778) 991-0649
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About Foreclosure listings

There are many names for a Foreclosure home. Many people call it foreclosed home, foreclosure home, bank repossessed house, or Court Ordered Sale. They mean the same thing. So what exactly does foreclosure mean?

In its simplest meaning, the word foreclosure means to deprive a borrower (in default) of the right to redeem the mortgaged property. In a way, it’s like a divorce proceeding – the borrower and lender under a mortgage go their separate way.

Foreclosure home sale is very different from a regular home sale. If you need an experienced Vancouver Realtor to guide you through the process, please let me know.

What is the process of Foreclosure in BC Canada?

See below simplified steps in a Foreclosure proceeding to find out how foreclosure works in BC.

1. Demand letter. 
2. Petition. 
3. Order Nisi. 
4. Judicial Sale. 
5. Order Made After Application.

To see the detailed steps in a foreclosure proceeding. Please let me know.

Please note that this blog is for information only. Buyers & Sellers are advised to obtain independent legal advice before buying or selling a real estate property.

Here’s a simple guide on how to buy a Foreclosure Home in BC

1. Search Foreclosure Listings BC
2. Find a Realtor to write an offer.
3. Review the Schedule A with the Realtor. Schedule A contains clauses that specifically protect the lender. The buyers must be aware that they are accepting the property “as is” and must sign this schedule to have their offer accepted by the lender.
4. Acceptance of the offer. The offer may have conditions precedent, and it is advisable that the offer is left open for acceptance for a period of two or three days.
5. The hearing of the application for order approving the sale.
6. Completion of the sale.

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